E 3.5 Simulation Three Question 2 3.5 Simulation Thr x + https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchtrl=https%253A%252F%252Flms.mh... A 3.5 Simulation Three 2 Saved 8.75 points Lopez Company reported the following current-year data for its only product. The company uses a periodic inventory system, and its ending inventory consists of 390 units-130 from each of the last three purchases. Jan. 1 Beginning inventory Mar. 7 Purchase 230 units $3.20 = $ 500 units @ $3.75 736 1,875 00:58:11 July 28 Purchase Oct. 3 Purchase Dac. 1,140 units $3.70 1,020 units $4.00 4,218 4,082 19 Purchase Totals 440 units $4.70 1,330 units 2,868 $ 12,977 eBook Hint References Mc Graw Hill (a-d) Determine the cost assigned to ending Inventory and to cost of goods sold for the following. (Do not round intermediate calculations and round your answers to 2 decimal places.) Ending Inventory Cost of Goods Sold (a) Specific identification (b) Weighted average (c) FIFO S 1.861 20 $ 11,115 8D (d) LIFO (e) Which method yields the highest net income? Type here to search < Prev 2 of 10 Next > e Help Save & Exit Submit Check my work 76F Clear ENG 7:06 AM 6/9/2022